Standard Fire & Special Perils (SFSP)

Standard Fire and Special Perils (SFSP) is a Fire and Allied Perils Insurance product available for businesses in India. It offers coverage against a large number of risks such as fire, lightning, aircraft damage, riots, floods, among others

Up until 1st April 2021, SFSP was the only Fire and Allied Perils product offered by insurance companies to businesses and homes. However, the IRDAI (Insurance Regulatory and Development Authority of India) introduced 3 new products to cater to SMEs, MSMEs, and homeowners.


SFSP now insures only those businesses whose total insurable assets at any one location are worth more than ₹50 Crore


Watch the video to know more

What does SFSP cover?


Fire, Explosion or Implosion

Riots, Strikes & Malicious Damage (RSMD)

Landslides & Rockslides

Aircraft damage

Leakage from automatic sprinkler


Storm, Typhoon, Hurricane, Flood & Inundation (STFI)

Missile testing operations

Impact damage by a vehicle or animal



Deterioration of stocks in cold storage


Professional fees

Forest fire

Temporary removal of stocks

Spoilage material damage cover

Debris removal

Why opt for a SFSP policy?

  • Exhaustive Coverage

    SFSP offers protection against a slew of risks-right from natural calamities to damage from falling objects

  • Covers all businesses

    All business establishments, with annual turnover ₹50 Crore can purchase this insurance policy to safeguard their assets

  • Fire Package

    You can add multiple other insurance policies like Burglary and Theft, Plate Glass insurance, etc. at affordable premiums to expand your coverage

Learn about Standard Fire & Special Perils (SFSP) in detail HERE

If your business’s total insurable assets at any one location are worth less than ₹50 Crore, you may want to consider opting for a Bharat Laghu Udyam Suraksha (BLUS) , or a Bharat Sookshma Udyam Suraksha (BSUS) Insurance policy!


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